WOODSIDE Petroleum chief Peter Coleman is bullish about the company's financial heft and its ability to develop both its newly acquired ...
The low price tag was attributed in part to the security risks associated with building a multi-billion-dollar LNG facility in such a politically sensitive part of the world, but Mr Coleman said he was comfortable with the challenges an LNG plant in Israel would present.
"We've made our own assessment of the security risk. We have spoken not only to Israeli security forces and we've viewed the potential sites for the onshore facilities and made our own risk assessment around that. We feel that's manageable and we also feel that the investment market will see that the risk is quite manageable," Mr Coleman said.
Woodside poised to take punt on $1.3b Israeli gasfield
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